## 2018 Review of Program Design and Conditionality

_Policy Papers, May 20, 2019_

## Source details

**Canonical URL:** [2018 Review of Program Design and Conditionality](https://www.imf.org/en/publications/policy-papers/issues/2019/05/20/2018-review-of-program-design-and-conditionality-46910)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2019/05/20/2018-review-of-program-design-and-conditionality-46910/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2019/05/20/2018-review-of-program-design-and-conditionality-46910/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2019/05/20/2018-review-of-program-design-and-conditionality-46910/bundle-manifest.json)

## Bibliographic details
- Published: May 20, 2019
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9781498315715.007

---

### Summary
- The 2018 Review of Program Design and Conditionality is the first comprehensive stocktaking of Fund lending operations since the global financial crisis.
- The review assesses program performance between September 2011 and end-2017.
- Programs during this period were defined by the protracted structural challenges faced by members and hampered by the persistently weak global environment.

### Major themes and focus areas
- Balance of payments need
- Debt sustainability
- External debt
- Fiscal consolidation
- Fiscal policy
- Macrostructural analysis
- Public debt
- Revenue administration
- Structural reforms

### Keywords and scope
- conditionality framework
- Debt sustainability
- director
- Fiscal consolidation
- Fund policy review
- Fund program performance
- Fund staff
- Fund-supported program
- Global
- PP
- PRGT program
- program design
- Structural reforms

---

## Content in this bundle

- **Policy Paper**
  - [Policy Paper (Markdown version)](/-/media/files/publications/pp/2019/ppea2019012.pdf.md){rel="alternate" type="text/markdown"}
  - [Policy Paper (PDF)](/-/media/files/publications/pp/2019/ppea2019012.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/policy-papers/issues/2019/05/20/2018-review-of-program-design-and-conditionality-46910_